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The Food Supply Chain and the War in Ukraine

Enterra Insights

If you don’t think Russia’s unprovoked war in Ukraine will impact your life, you’re seriously mistaken. ”[2] Two of those breadbasket countries are Russia and Ukraine. In places like Lebanon, where 80% of its wheat comes from Ukraine, the impact of the war will be brutal. It already has.

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The Future of Food Security

Enterra Insights

” On the heels of COP-27, food security was also a topic of discussion at the G20 Summit held in Indonesia. The war in Ukraine amplified these existing challenges. Food security is expected to be a key topic at the upcoming G20 Summit in Indonesia — a country in a region that has experienced the impact of fragile food resilience.”[2].

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Grounded Dark-Fleet Oil Tanker Gets Cargo Removed Near Indonesia

Supply Chain Brain

A so-called dark fleet of tankers like the Liberty, which already existed before Russia invaded Ukraine, has ballooned since.

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Petrochemical demand is up and prices are spiking

Resilinc

The cause: increasing oil and gas prices arising from Russia’s invasion of Ukraine and the consequent sanctions and restrictions on Russian oil and gas exports. Russia’s invasion of Ukraine sparked dramatic increases in oil and gas prices. Natural gas prices worldwide have also risen sharply, and in the U.S.,

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IMF Points to a Gloomier 2023 Economic Outlook

Supply Chain Matters

In conjunction with the summit meeting of G-20 leaders held in Indonesia , the International Monetary Fund (IMF) indicated that the expected 2023 economic outlook appears gloomier that that forecasted just last month. Special emphasis is placed on Europe, in-particular.

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Mid-Year Assessment of 2022 Supply Chain Predictions- Part One

Supply Chain Matters

percent for this year, two percentage points lower, warning of the effects of high global wide inflation, the war in Ukraine and continued supply chain disruptions will impact real GDP growth. Eurozone business confidence reportedly slid to a 25-month low amid the Ukraine conflict and elevated inflation rates. percent in June.

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The World Bank Significantly Lowers 2023 Global Growth Forecast

Supply Chain Matters

In November of 2022 and in conjunction with the summit meeting of G-20 leaders held in Indonesia , the IMF indicated that the expected 2023 economic outlook appeared even gloomier that that forecasted a month earlier.